Your cheatin’ Alma Mater

It was reported this week that Bucknell University has been providing inflated information on the SAT scores of its incoming students for several years.  The news follow similar revelations in recent months about a number of universities, including George Washington University, Emory University, and Tulane University Business School. The news puts these elite universities in … Read moreYour cheatin’ Alma Mater

Fear and Greed

The Interim Report of the UK Independent Commission on Banking was released yesterday.  In his opening remarks, Commission’s chairman Sir John Vickers enunciated three key points. First, banks need to hold more capital.  According the Commission, the Basel III proposal of 7%–possibly more for especially large and important banks–is a step in the right direction.  … Read moreFear and Greed